MENA: Canned Meat Market 2024

Canned Meat Market Size in MENA

The MENA's canned meat market dropped rapidly to $X in 2021, which is down by -22% against the previous year. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.6% against the previous year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in MENA

In value terms, canned meat production expanded markedly to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Canned Meat Exports

Exports in MENA

Canned meat exports soared to X tons in 2021, rising by 16% against the year before. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.1% against 2012 indices. The pace of growth was the most pronounced in 2019 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, canned meat exports stood at $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.3% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 20% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of canned meat, namely Turkey, the United Arab Emirates and Saudi Arabia, represented more than two-thirds of total export. Jordan (X tons) ranks next in terms of the total exports with a 7.8% share, followed by Israel (4.5%). The following exporters - Lebanon (X tons) and Kuwait (X tons) - each reached a 3.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest canned meat supplier in MENA, comprising 40% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +18.7%. In the other countries, the average annual rates were as follows: Turkey (+17.7% per year) and Saudi Arabia (+2.6% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, dropping by -8% against the previous year. In general, the export price showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when the export price increased by 15% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+8.7%), while the other leaders experienced more modest paces of growth.

Canned Meat Imports

Imports in MENA

In 2021, imports of canned meat in MENA rose markedly to X tons, increasing by 13% against 2020. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, canned meat imports stood at $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Saudi Arabia (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Kuwait (X tons) represented the major importer of canned meat in MENA, achieving 64% of total import. It was distantly followed by Syrian Arab Republic (X tons), Oman (X tons), Lebanon (X tons) and Qatar (X tons), together committing a 23% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2021, with a combined 62% share of total imports.

Saudi Arabia, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, with an increase of 1.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 5.4%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform